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Power and Innocence in Finance

  • Nicolas Bouleau

Abstract

An evolution has occurred over the past fifteen years concerning the role and the power of the state. In France, the governments of the fourth republic, despite their precariousness because of electora rules that make it difficult to produce majorities, have economic power comparable to that of a monarch in an ancient regime. The creation of money and devaluation are two tools that are at their disposal in a Keynesian context justifying the intervention by the state.

Keywords

Financial Market Central Bank European Monetary System Lever Effect Single Currency 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag London 1998

Authors and Affiliations

  • Nicolas Bouleau
    • 1
  1. 1.École des PontsParisFrance

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